Test your company’s readiness to begin importing. The more statements below that apply to your company, the more prepared you are to begin.
knows the import procedures for buying and bringing products from other countries.
has already defined the HTS code for the product(s) it wants to import.
can dedicate resources (time, money, personnel, etc.) to the import process.
knows the costs involved in importing the product (freight, duties, processing fees, etc.).
has calculated the landed price of the imported product.
is aware of the financial advantages of importing products from NAFTA and other FTA territories.
has staff able to deal with foreign sellers and potentially traveling to their facilities.
has defined the intended domestic buyers for the product.
has defined the type of supplier it needs.
has prepared a marketing plan with strategies and goals to sell the imported products domestically.